An instrument allowing you to pay for goods/services/expenses with the Bank’s funds and only pay it back at a later date
- Imagine you’re a second hand car dealer, you are about to buy 20 units of demo BMW cars from official dealers but you are lacking the cash required to make the purchase
- You may approach our bank to get this financing on your purchase invoice
- With this facility, you may start selling the imported goods without coming up with a huge amount of money upfront
- Can finance either Purchase or Sales of trade related goods and services
- Drawn in Ringgit Malaysia or any major Foreign Currencies
- Scope of financing:
- Pre-shipment financing against LC or export orders
- Trade receivables
- Purchase of Capital goods
- Services rendered
- Financing of invisibles (freight charges, insurance, warehousing, utilities, salaries etc.)
- Margin of financing is up to 100% (at bank’s discretion)